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Financial modelling test: Pre-employment screening assessment to hire the best candidates

All tests/Role specific skills/
Financial modeling in Excel test
Type: Role specific skills
Time: 10 min
Languages: English, Spanish, French, Italian, Japanese, Dutch, Portuguese
Level: Advanced

Summary of the Financial modeling in Excel test

This financial modeling test evaluates candidates’ essential finance and valuation skills and their ability to create and maintain financial models using Excel. This test helps you hire finance professionals who need to work with Excel frequently.

Covered skills

  • Finance

  • Valuation

  • Financial modeling in Excel

  • Using Excel formulas

Use the Financial modeling in Excel test to hire

Finance professionals (controllers, analysts, consultants) who need to have solid financial modeling skills in Excel.

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About the Financial modeling in Excel test

Investment bankers are known for their mastery of Excel and their ability to develop sophisticated financial models to project the financial performance of a company in terms of its P&L, balance sheet, and cash flow statements.

Business analysts, controllers, consultants, and finance professionals in general should be capable of developing powerful financial models to project the financial performance of the company and various other financial analyses that give powerful insights to management. What is the financial impact of a strategic initiative? How long is the cashflow runway of a startup? What is the impact of a reduction in working capital on key financial ratios? Not only do these finance professionals need to know the finesses of finance, but they also need to be very adept at Excel.

This test focuses on both finance and Excel skills to evaluate candidates’ financial modeling skills.

The test is made by a subject-matter expert

Andrew B.

With a degree in International Business & Finance from the Moore School of Business and studies in Chinese Enterprise at the Chinese University of Hong Kong, Andrew started his career as an investment banking analyst at Morgan Stanley with postings first in Hong Kong and later in Australia.

Currently, Andrew helps run a hostel in Lake Taho and funds his mountain lifestyle by helping small and growing businesses use Excel to help make important financial decisions.

Crafted with expert knowledge

TestGorilla’s tests are created by subject matter experts. We assess potential subject-matter experts based on their knowledge, ability, and reputation. Before being published, each test is peer-reviewed by another expert, then calibrated using hundreds of test takers with relevant experience in the subject. Our feedback mechanisms and unique algorithms allow our subject-matter experts to constantly improve their tests.

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View a sample report

The Financial modeling in Excel test will be included in a PDF report along with the other tests from your assessment. You can easily download and share this report with colleagues and candidates.

Use our financial modeling test to hire financial experts

If you are searching for a financial professional for your organization, many things can make it a challenge. This financial-modeling test makes finding a financial expert for your team faster, simpler, and trouble-free. Use it to evaluate your candidates’ valuation skills and how effectively your applicants can produce financial models at an advanced level.

Financial modeling skills are essential for businesses because…

Creating and maintaining financial models using Excel software is a critical skill that organizations use for financial performance projection and getting a powerful financial insight into their operations. Whether you need to understand how business strategies will affect a startup business or how future events will be affected by financial decisions made by your financial team, financial-modeling skills can be critical.

Our financial-modeling test, crafted by TestGorilla’s experts, ensures that you make the right hiring decision when searching for the best financial experts for your business.

Select TestGorilla’s financial-modeling test to make hiring easy

Knowing how your organization’s future performance will be affected by financial decisions can lead to a profitable and well-thought-out strategy that brings your business success. Knowledge of the difference between balance sheet recordings, non-current liabilities, and sunk costs can contribute to accurate financial recordings and a prosperous business.

Are your candidates aware of the many valuation methods available in volatile industries, such as discounted cash flow, comparable methods, and the dividend discount model? Do they know the difference between asset valuation and precedent transactions?

Using our financial-modeling test is the optimum way to learn which of your candidates has the knowledge and skills to apply the proper valuation method and lead your financial team with their advanced financial knowledge.

Our financial-modeling test can be used to hire talent such as…

Financial controllers, financial consultants, and financial analysts, as well as investment bankers, business analysts, equity researchers, financial planners, corporate developers, venture-capital professionals, commercial bankers, and startup professionals who aim to monitor and forecast the organization’s cash flow.

Key ways enterprises are reaping the benefits of our financial-modeling test

Hiring decisions are made simple with this financial-modeling test.

Ensuring that your business's financial records are correctly logged is essential, as is understanding how Excel software can make this process simpler. Avoiding errors in cell formatting or when tracing dependents and precedents is critical because mistakes such as these can lead to incorrect financial predictions for your enterprise.

Use TestGorilla to ensure that you find and hire the best financial professional for your organization with the best financial-modeling test.

How the financial modeling test works

The financial-modeling test is easy to use. Start using it the moment you get a response to your job advertisement from applicants and you’ll benefit from a shorter time to hire, an effortless hiring process, and reliable decision-making. Avoid lengthy resume screenings and hire exceptional talent.

Our financial modeling test can be combined with several other tests to create an assessment for your candidates. We make it straightforward to assess several skills at once using several different tests, such as personality tests and tests to evaluate applicants’ soft skills.

Use TestGorilla’s financial-modeling test in 4 steps

Assess your candidates effortlessly, then watch the results roll in.

• Make your choice from our tests to build an assessment: Go to our test library to begin selecting tests to build your financial-modeling assessment and choose custom questions related to the role, the candidate’s previous experience, or their values to add an extra, more comprehensive aspect to the test.

• Get creative and customize your assessment: Make sure you’re not forgotten: Ensure your candidates remember your brand by making changes to the color scheme or displaying your company logo.

• Invite candidates to take the assessment: Choose the method that suits you when inviting candidates. To get the process started, ask your applicants to complete the assessment and answer any custom questions you have included. Select from three options when you invite your candidates to take a financial-modeling assessment: invite them via your applicant tracking system, send them a link to the assessment, or invite them through TestGorilla.

• Received the ranked results of candidates’ assessments: TestGorilla ranks the results of your candidates’ assessments, meaning the difficult work is done for you. Review the results and easily select the candidate who is the best fit for your financial team.

Our skills assessments yield top hiring results

Hire a financial expert with the exact skills your organization needs.

With our financial-modeling test, you can say goodbye to bad hiring decisions and hire expert financial talent for your team. You can do it without any stress or concerns about the candidate experience, because applicants can complete an assessment on a device of their choice, in their own time.

Use our financial-modeling test with our other related skills tests to get a detailed picture of your candidates’ skills. Whether you want to learn about how their personality will fit in with your financial team, or whether their values align with your enterprise, TestGorilla has the tests you need to thoroughly assess your candidates’ abilities.

In summary

With TestGorilla, you can hire the right financial professionals for your organization more quickly and get the right expertise to align with your financial team. You can hire candidates fast and effectively, and hire with no bias.

TestGorilla will always lead you to the right candidate. Use our financial-modeling test to find out why we’re the best option for skills testing.


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